The Football League Cup, commonly known as the League Cup or, from recent sponsorship, the Capital One Cup, is an English association football competition. Like the FA Cup, it is played on a knockout (single elimination) basis. Unlike the FA Cup, where 762 teams entered in 2008–09, only 92 clubs can enter the League Cup – the 20 Premier League clubs, and the 72 clubs of The Football League, which organises the competition. Also unlike the FA Cup, the semi-finals are played over two legs. The winners qualify for the UEFA Europa League, unless they have qualified for the Champions League through their league position, in which case the Europa League berth goes to the highest-placed team from the Premier League not already qualified for Europe. Liverpool are the current holders.